Is a Burial Insurance Policy Right For You?
Losing a loved one can be one of the most difficult experiences that one will go through in this life time. The loss that is felt is unexplainable, and there is a noticeable void once that person is gone. However difficult it is to discuss, one thing that can make this process much more difficult is failing to plan for the inevitable.
One thing that many people fail to realize is the increasing cost of funerals. The last thing that a loved one should have to worry about during a time of grieving is financial stress. The average funeral runs around $7,500! This includes all the service that comes with a funeral including the Funeral at a funeral home, the casket, the embalming, transferring of the body and all the other services that come a long with laying to rest the deceased. Luckily there is a way to plan for the future as to not be overwhelmed with the price tag. Burial insurance is a easily accessible small life insurance policy that can cover you for $1,000 to $50,000. Almost everyone who applies will be accepted and because of it’s affordability it is readily accessible to everyone.
One of the best things about a burial insurance policy is that the beneficiary can use the money for whatever he or she needs to use it on. Whether it is covering the expenses of the funeral, paying off old debts, paying for school, or paying bills, a burial insurance policy is ideal for anyone with loved ones.
Unlike most long term, high premium life insurance policies, a burial insurance policy is simple, affordable and is activated immediately upon purchase. There are no medical exams, pre existing conditions restrictions or other discriminatory restrictions. Also the premiums on a final expense insurance policy do not fluctuate. Once your premium is determined by a agent, it will remain constant through the life of the policy. One constant, affordable premium can protect you and your loved ones from the worries of financial stress during a time that should be reserved for grieving.